Management Buyout

* Piper Jaffray joins long list of firms to exit from Asia * Piper Jaffray says lacks financial resources to build Asian platform * Shares jump 5.5 percent on Wednesday By Vikram Subhedar and Aman Shah July 25 (Reuters) - Piper Jaffray Co's Asia executives may buy over the loss-making unit as the mid-size U.S. investment bank exits the region after six years, according to a note seen by Reuters. The bank, which is more than a hundred years...

LONDON (Reuters) - Jupiter Fund Management's long-serving chief executive Edward Bonham Carter is stepping down to make way for a new guard charged with accelerating sales and international expansion at the UK-focused investment firm. He will be replaced by Distribution and Strategy Director Maarten Slendebroek on March 17, 2014, and take up a role as vice chairman, responsible for "engaging with key stakeholders" and reporting to Slendebroek. Bonham Carter,...

WARNACO SELLS ACTIVEWEAR: Warnaco Inc. announced the management buyout of the company's Activewear division. The purchase price was $85 million in cash plus assumption of debt. Warnaco will retain 5 percent of the equity in the new company, expected to be called Speedo-Activewear Inc.

By Natalie Harrison NEW YORK, Sept 23 (IFR) - The loan backing the management buyout of Dell Inc has been increased to US$7.1 billion, while the size of the 1st lien high-yield bond has been reduced by US$500 million to US$1.5 billion, market sources said on Monday. The bond will price later today at 5.625%, in the middle of the price talk announced on Friday at 5.5%-5.75%. US$150 million of additional cash generated since the quarter end will be used in...

By Natalie Harrison NEW YORK, Sept 20 (IFR) - Dell has set price talk on its US$2 billion seven-year non-call three first lien high yield bond at 5.5%-5.75%, and has dropped plans for a more expensive US$1.25 billion second lien bond, market sources said on Friday. The second lien bond will be fully replaced by loans. The rejig, reported earlier by IFR and RLPC, will significantly reduce the cost of financing the management buyout of the roughly USD25bn...

By Natalie Harrison NEW YORK, Sept 20 (IFR) - Dell has set price talk on its US$2 billion seven-year non-call three first lien high yield bond at 5.5%-5.75%, and has dropped plans for a more expensive US$1.25 billion second lien bond, market sources said on Friday. The second lien bond will be fully replaced by loans. The rejig, reported earlier by IFR and RLPC, will significantly reduce the cost of financing the management buyout of the roughly USD25bn...

Executives of Gimbels-Midwest and Kohl's Department Stores, both based here, are considering leveraged buyouts of the two retail operations, company officials said. "This is a very slow process," said Thomas Grimes, Gimbels-Midwest chairman. "We have to go through a whole bunch of financial information to anaylyze cash flow and profits." William Kellogg, Kohl's Department Stores chairman, said Tuesday that he and other top executives of Kohl's have been working on a management...

SINGAPORE, Aug 7 (Reuters) - Northstar Group, a private equity firm owned by Indonesian investor Patrick Walujo, has led a management buyout of Singapore's biggest property broker, ERA Singapore Pte Ltd, its second major deal in Singapore in less than a year and a sign of growing interest in the city's real estate market. Singapore, one of Asia's major financial centres, is a popular destination for the world's wealthy due to its...

Diageo PLC, the world's largest liquor company, said Sunday that it has no plans to sell Burger King, the second-largest hamburger restaurant chain. The Sunday Times reported that the company, which also has food and property-management businesses, would put the chain up for sale this year, with Dennis Malamatinas, the fast-food company's chief executive, likely to lead a management buyout. A Diageo spokesman said there is "no foundation for the story whatsoever." "During...

SYDNEY, June 6 (Reuters) - Australia's competition regulator has blocked an attempted takeover of Rafferty's Garden, an organic baby food supplier, by U.S.-based food giant H.J. Heinz Co on concerns that the deal would have reduced competition significantly. The Australian Competition and Consumer Commission said the proposed deal would have removed a strong opponent for Heinz, itself the subject of a $23.2 billion takeover bid from Warren Buffett's Berkshire...

MELBOURNE, Oct 30 (Reuters) - Australia's competition regulator said it will review a proposed takeover by H.J. Heinz Co of organic baby food supplier Rafferty's Garden Pty Ltd, which is owned by private equity firm Anacacia Capital. Anacacia invested in Rafferty's in 2010, backing a management buyout of the company which says it is the second-largest baby-food business in Australia with a 30 percent market share. Rafferty's says it sells through 2,000...

NAIROBI, April 9 (Reuters) - President Uhuru Kenyatta, who faces international charges of crimes against humanity, said on Tuesday that Kenya under his leadership would work to uphold its international obligations, speaking after taking his oath of office. In remarks likely to reassure Western powers that have urged Kenyatta to cooperate with the International Criminal Court, he said: "I assure you again that under my leadership, Kenya will strive to uphold...

By Natalie Harrison NEW YORK, Sept 23 (IFR) - The loan backing the management buyout of Dell Inc has been increased to US$7.1 billion, while the size of the 1st lien high-yield bond has been reduced by US$500 million to US$1.5 billion, market sources said on Monday. The bond will price later today at 5.625%, in the middle of the price talk announced on Friday at 5.5%-5.75%. US$150 million of additional cash generated since the quarter end will be used in...

The management buyout that ICM leaders orchestrated this year was a high-wire act involving more than 40 years of disparate assets, strong personalities and the pressure of public scrutiny of the negotiations in industry circles. If that weren't enough, the core ICM team at the same time had to focus on pulling together the group of insiders who would become partner-owners of the reorganized percentery. And to make it even more challenging, the insiders decided against bringing...

The stock of Specialty Equipment Companies Inc. jumped $4.25 Thursday after company officials said they were considering selling the food-service equipment manufacturer, based in west suburban Berkeley. Specialty Equipment closed at $20.87 a share on the New York Stock Exchange. The company has retained First Boston Corp. "to explore various strategic options, which may include the sale of the company," the firm said. Specialty Equipment designs, manufactures and markets a broad line...